While vacationing, Mike buys a hat for 71 pesos in a shop in Mexico City. The exchange rate at the time of his visit is $1 U.S. = 9.48 pesos. What was the cost of the hat in U.S. dollars?
A) $13.35
B) $7.49
C) $6.73
D) $2.48

Question

Quizplus · Accepted Answer

To convert pesos to U.S. dollars, we need to divide the cost of the hat in pesos by the exchange rate: 71 pesos ÷ 9.48 pesos/$1 = $7.49. Therefore, the cost of the hat in U.S. dollars is $7.49.

While Vacationing, Mike Buys a Hat for 71 Pesos in a Shop